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20121129
20121207
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Search Results 0 to 32 of about 33 (some duplicates have been removed)
be a good cup of coffee. a new report says president obama is being flexible with top tax rates as negotiations intensify. will that help republicans agree to a deal? we'll be talking to republican from wyoming senator john barrasso up next. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories. tdd#: 1-800-345-2550 lower than spdr tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and even lower than vanguard. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that means with schwab, tdd#: 1-800-345-2550 your portfolio has tdd#: 1-800-345-2550 a better chance to grow. tdd#: 1-800-345-2550 and you can trade all our etfs online, tdd#: 1-800-345-2550 commission-free, from your schwab account. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 so let's talk about savi
cause. 23% gave president obama an excellent rating, 18% said the same for cuomo and both bloomberg and fema got 14% excellence ratings. cory booker is taking part in what he has labelled as the food stamp challenge. he will only eat what food stamps can provide, $4 a meal. a back and forth twitter exchange about the role in funding school breakfast and lunch programs. finally the kennedy center hohnr honore honorees. actor dustin hoffman, buddy guy and a balance lerina all in attendance in the east room event. >> it's different when you're not the one with the mike, isn't it, dave? you're looking a little stressed. >> led zeppelin. henry mancini and led zeppelin have the kennedy center honoree thing in common. oy. the markets will keep watching the slow going fiscal cliff negotiations today. how will wall street react to the latest maneuvering? to the market rundown. we'll let you know when to pay attention. is that still the case? >> i have to admit 28 days and counting. >> if we're in the same place in two weeks, i'll be nervous. >> the 15th they have to have a deal. >> it's noth
rates for social security. this hasn't presented itself as a party that wants to cut spending. on one hand you have president obama's proposal, which most agree is the responsible way of raising the debt, raising rates. and responsible cuts on entitlements and discretionary spending versus republicans who are divided against something that is a chicken hawk when it comes to the deficits, that is the boehner approach, or the more extremist position which is absolutely nothing.ç so this is an extraordinary position for the republican party to have evolved into. >> you must respond to what julian just said. >> i like julian an awful lot but i think what he said is entirely wrong. it's fascinating president obama last july, july of 2011, said we can get $1.2 trillion in revenue where we don't have to raise marginal tax rates and close loopholes and julian says most economists agree, in fact, this won't add to the deficit. look, you're only talking about $89 billion a year of the tax dollars of top two drapes. julian and i will agree, however, this deal is not serious. you need to have a
it does take a bite out of the rich but president obama held firm to tax rate hike on the wealthiest. let's listen to the back and forth. >> revenues we're putting on the table are going to come from, guess who? the rich. there are ways to limit deductions, close loopholes and have the same people pay more of their money to the federal government without raising tax rates, which we believe will harm our economy. >> let's allow higher rates to go up for the top 2%, that includes all of you, yes. but not in any way that's going to affect your spending, your lifestyles, or the economy in any significant way. let's make sure that 98% of americans don't see it -- a single dime in tax increases next year. >> so, john boehner, the speaker for the republican party in this partisan fight is saying, he's already socking it to the rich. he's willing to raise their taxes in various forms but just not the rate. isn't he agreeing in principle to the president's argument of fairness? isn't he in a weaker position to deny a rate change? governor? >> sure he is, chris. number one, he hasn't specified what
with raising rates as long as it's part of that package we described. >> a meeting or a phone call between john boehner and president obama, is that at all in the works? >> as far as we know, no. whether it's in the works, we could only hope, at this point we do not have any indication that it is scheduled right now. never mind the principles, we don't have any word that there has been communications between their staff at all. what's flying out of the public still appears to be flying out of private, which is not a lot. >> the members are going home for a nice long weekend. thanks very much for that. president obama isn't negotiating like we just heard. he's negotiating to raise the tax rates on the rich as a downpayment on a larger deal to come later as far as taxes are concerned and medicare is concerned. >> let's allow higher rates to go up for the top two percent, that includes all of you, yes. but not in anyway that's going to affect your spending, your lifestyles or the economy in any significant way. let's make sure that 98% of americans don't see a single dime in tax increases next yea
executives in washington, president obama said republicans' aid to examine the reality that tax rates will rise for the wealthiest americans. >> we have seen some movement in the last several days with some republicans. there has been a recognition that, maybe, they can accept some rate increases as long as is combined with a serious impediment reform and additional spending cuts. and if we can get the leadership on the republican side to take that kramer, to acknowledge that reality, then the numbers are actually not that far apart. another way of putting this is, we could probably solve this in about one week. it is not that tough. >> new details have been revealed in the retail giant kermit factory where 120 dacre workers died in a fire last month. "the new york times" is reporting that wal-mart played a key role in blocking the improvement of safety features at the bangladeshi factory. one representative helped quash a proposal that would help to improve safety investments, calling them not financially feasible. documents found at the fire scene also show five of the factory's 14
.5% or so top rate that president obama wants to return to which we paid under clinton is very, very popular. republicans should ought not fall on that sword. the democrats are ed e ready to endorse 98% of the hated bush tax cuts. i would call that a win and toss the other 2% overboard. >> there's also a lot of talk here in washington, has been for a couple weeks about false confidence. the false confidence that happened at the end of the election there. the mitt romney people pretty much told a lot of us they were confident it was going to be a long night and that they would win. i want to read you something from the new republic about team romney's internal polling. says the biggest flaw in their polling was the failure to predict the demographic composition of the electorate. the people who showed up to vote on november 6 were younger and less white than team romney anticipated and far more democratic as a result. so i want to ask you, erick, is this sort of a misunderstanding generally that republicans have to address the next time they go into an election about who the voters are going
that. this is why president obama extend the tax rates for a year action because he said this could hurt the economy. here we are again. we're not anywhere different than we were last year really. >> gregg: donna, dick durbin, the senate's number two democrat, said that social security is off the table because i'm going to quote him here -- it does not add a penny to our deficit. that's ludicrus. >> i think that i'm unable to comment because i think the context may have something to do with the sense of lock box and where this money actually comes from and where it sits in the meanwhile before it gets spent. but i also think it's awfully important to remember that in terms of republican cooperation, the president really has been i think very sincere about seeking that cooperation and initially speaker boehner i think expressed with great sincerity his interest in cooperation. i dare say that there has been a lot of biplay among both the senators and the house members on what that cooperation is going to look like. but i do think it's awfully important that we not come out of this pr
in savings when it comes to tax revenue. but much of that came from raising tax rates for the wealthiest americans, which of course is what president obama campaigned on. so those are the big differences right now. but this certainly is important, wolf, because republicans were saying that they're not even sure that this ball was in their court. clearly they realized it was. so the talks -- there is stalemate no more, put it that way. >> on this key issue of marginal tax rates for the wealthy, the republican offer is keep the tax rates exactly as they are right now, 35% for that 2% wealthiest families making more than $250,000. the obama proposal is raise that rate to 39.6% where it was during the clinton administration. what else is in this new gop proposal? >> reporter: let's show you some of the savings when it comes to government spending. first of all, they put about $600 billion in what the republicans are calling health savings. we understand -- we don't have details. we understand much of that comes from medicare, things that we've heard from republicans over and over like raisin
, the president said he thinks republicans might be willing to agree to higher tax rates on the wealthy. mr. obama is introduced by the c.e.o. of boeing. >> we at the business roundtable are grateful to both the electricity -- for the engagement we have had with you and members of your team. listen, i know your team has really reached out significantly over the last few months to many people in this room. and i know personally from my work in the last three years on the export council that the outreach to us is again you inand we know you are seeking solutions that was outlined very sincerely this morning when we met with jack and the rest of the team. and i hope you get the same sense of purpose and commitment from us as we engage with you. there aren't a lot of wall flowers in here and eager for a two-way exchange nonetheless and hopefully your takeaway will be we can serve a useful purpose in the dialogue. mr. president, thank you again for joining us today. we would love to hear from you. [applause] >> good morning everybody. it is great to see all of you. many of you had a chance to see indiv
, not rates, and somewhat ideological, somewhat practical position on the obama side saying we can't get to $1.6 trillion without doing rates. now, we're not going to get to $1.6 trillion, so it becomes academic. >> can we get to $1.2 trillion where i think and others think we're going to end up without raising the rates? >> you can do it mathematically. it works. you can write laws that do it. the question you have to say to yourself, do you want to start eliminating charitable deductions for state and local taxes, for charitable, for health care, even, for retirement funds? in other words, do you really want to turn people's behavior kind of inside-out almost overnight by changing the way taxes work so quickly? >> mark, you're as plugged in as anybody in washington right now. are these guys talking to each other in a real, meaningful way? i know they put out the information that the president talked to john boehner yet, but are there real behind-the-scenes intense negotiations as we're now four weeks away from this thing? >> in talking to people so both sides yesterday, they had the identica
to pull in a total of $1.6 trillion. republicans want to keep tax rates the same b end deductions and loopholes but obama says that will not get the job done. >> it is not possible to raise the amount of revenue required for a balance the package if all you rely on is closing deductions and loopholes. let me amend that. it is possible to do theoretically but it is not practical or wise as a practical many. >>reporter: ending the mortgage deduction would hammer middle class and the charity deduction being ended would hamper universities and colleges. >>trace: when republicans say the higher tax rates will hurt small business? >>reporter: and that, cost jobs. the white house says only the top 2 percent or 3 percent of small businesses are affected republicans say those are the ones that create the vast majority of the jobs. speaker boehner suggests that capping deductions would actually protect the middle class. >> we have to cut spending and put revenues on the table. now, the revenues will come from, guess who? the rip. there are ways to limit deductions, close loopholes and have
rates and the republicans say they're absolutely opposed to that. president obama is making that a condition of this deal. and there's got to be some movement eventually, but republicans are going to have to give up a very big, a very big selling point there if they're going to take the president and say, all right, we'll shift rates, even not back to the bill clinton tax levels that the republicans say they don't want to go to, but even just back to somewhere close to that. >> but do you think, i mean, if we're talking, you know, preclinton levels, we're talking north of 39%. is there wiggle room between 35% and 39%? couldn't they just say, 37% is right in the middle, 37.5% is right in the middle. >> john boehner is used to cutting deals. he has a conference that doesn't let him do it. the tea party folk have stopped him again and again and again. he made statements in the past where he had to try to round them up very forceinally and not always with great success. enough trade bait out there. the president has been out there taxing dividend income. that's something that fa
, closing loopholes and not raising rates. >> right. basically the republicans came up with what obama said in 2011. he wanted, there was discussion dealing with $1.2 trillion and he said we don't have to increase tax rates. we can close loopholes. we can cap deductions. that is what the republicans are offering. but right now defend again i think democrats are bent on increasing taxes and if woe don't avert the fiscal cliff, i believe republicans will take the hit politically. jon: the president in september of 2011 said, you know, in his principles for tax reform, lower tax rates, the tax system should be simplified and work for all americans with lower individual and corporate rates and fewer brackets. now it sounds like exactly what the republican side has offered here? >> it is. what they're offering but basically to reach a comprehensive deal so we can put this debt on a downward turn, and actually create a stronger economy. both sides, the democrats and republicans are going to have to give a little bit now. republicans might have to give in to some type of tax increase but president
are requesting, what the heck is going on with the house and president obama. >> didn't we learn in 2011, where the government seemed less stable and our triple-a rating went down to a double-a rating and right now, john thune was right, it takes time to bush legislation through and we can't have a deal cut on christmas eve. >> is this brinksmanship on behalf of the president and time geithner, his treasury secretary, in terms of what the dems are now offering congress? >> no, i think the president has made a riegsal offer and of course, it's an opening offer, but that silence is deafening for the republicans, for the republicans' response. their political lemmings getting ready to go off the fiscal cliff and rather do that and not violate the no tax pledge they made to grover norquist than to move the ball forward and resolve this for the american people. >> is it really about that, angela and dick, is it really about the pledge that was made to grover norquist, no new taxes? we hear eric cantor saying no new taxes and we know that the dems want to have taxes on the wealthy and also know that
. again, president obama said he's going to raise taxes by $75 billion. the deficit is large. where's the rest of his plan? he has to show us his plan. house members would like to extend all current tax rates permanently. that brings certainly the to the economy. get a subsequent bill for the sequestration. work with president obama in a good faith effort to get pro growth tax reform. that would work. we've got the ryan budget that spends $7 trillion less than the president's budget. that would restore the confidence that the economy needs. >> greta: senator, thank you. >> thank you. >> greta: with time running out, you would think that president obama would call the house and senate leaders and ask them to the oval office, but apparently something is wrong with the white house phones. he's trying to outsource the job to you. take a look. >> i'm asking americans all across the country to make your voice heard. tell members of congress what a $2,000 tax hike would mean to you. call your members of congress, write them an email, post it on their facebook walls. you can tweet it using
is trying to avoid plunging of the fiscal cliff. he has made clear that the obama administration is saying that the first order of business has to be to extend tax breaks for middle-class families and raise tax rates for the top 2% of income earners. talks over how to rein in entitlement spending should be held sometime next year. >> the president is asking for $1.6 trillion of new revenue over 10 years. twice as much as he has been asking for the public. his stimulus spending exceeded the amount of new cuts that he was willing to consider. it was not a serious offer. reporter: enter a new player in the talks, stephanie cutter. you remember her? she was the deputy campaign manager for the obama-biden ticket suggested that mitt romney might have committed a felony on his tax returns. sunday night, she e-mailed them to reach a fiscal deal. republicans have balked at raising those tax rates. they are identified by marcus at countries job creators. >> for the first time in two decades, they are there will tell revenues go up as part is the plan. but they have to tell us what they're willing to
middle income tax cut to the floor. >> reporter: later on today president obama will say that any deal reached in congress must include increased tax rates on the wealthiest americans. he will say that at a factory in hatfield, pennsylvania, where the company connects, makes tinker toys. that is company the white house picked for today's event because they rely on the middle class consumers who would be affected if we go off the fiscal cliff. martha. martha: that will be a major sticking point it sounds like. peter, thank you very much. bill: so what happens if your taxes or to your taxes if lawmakers don't strike a deal? the tax policy center says that 90% of the americans would see a tax hike next year in 2013. it says 121 million americans will be paying more in payroll taxes, and families making between 40 and $65,000 a year, will pay an extra $2,000 to the government. that starts in 2013. martha: some say that they're concerned that what happens in europe could also happen here down the road. look at europe's economy down the road. 11.7% unemployment. that is another record high i
that killed osama bin ladin and some charge the obama administration gave the producers certain access. thanks for joining us. and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. the distances aren't getting shorter. ♪ the trucks are going farther. the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. but i'm still stubbed up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] alka-seltzer plus liquid gels speeds relief to your worst cold symptoms plus has a decongestant for your stuffy nose. thanks. that's the cold truth! thanks. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in edu
credit rating. got some good news from automakers. november was the best month for u.s. auto sales since january 2008. >>> our fourth story, showdown. john boehner today gave president obama a taste of his own medicine, putting out his proposal. i spoke with tom coburn this hour and he said the deal boehner's put on the table is the best compromise out there. listen. >> i'm certain that if this is not good enough for the white house, we will go over the fiscal cliff. >> if you read though, the boehner proposal carefully, no tax rate increases, which we know is a nonstarter for the president. so where does that leave us? john avlon is here to help us read through the lines of the deal, also crunch some of those numbers. first, we're talking about the $800 billion figure. that's in the lert john boehner wrote to the president. >> right. there is no numbers breaking that down. it's a where's the beef question. bumper sticker, we have the numbers but no details. boehner's aides will say that's where the negotiations come in. the devil's in the details. they'll say look, to achieve these reve
. this is something started under president bush, continued under president obama's administration. what does it involve? >> let's talk about why she did this. in the speech she talked about the improvements and lower incidence of hiv and terrific and death rates are going down but still, there is more than a million and a half people dying every year from hiv and aids and that's -- that has to be addressed and talked about a couple of things she wants to see get done. >> sure. >> first of all she would like to see increased mail s circumcisi circumcision. that's voluntary, i should add. increased generic drug use. get those drugs out to the people that need them and also she wants to see condom use promoted more and more distributed so, you know, that's been sort of a controversial thing in many countries. she was very specific about this. >> where do we stand coming to hiv and aids? how does it differ place to place or group to group? >> sub saharant africa has suffered the most. in this country we see too many people dying of hiv and aids and many people with the disease don't know they ha
excess thoughts. okay. all right. the president on this whole fiscal cliff. >> obama: i don't think it is acceptable for you for a handful of republicans in congress to hold middle class tax cuts hostage simply because they don't want tax rates on upper income folks to go up. >> stephanie: uh, yeah! let's go to kathy in mobile, alabama. >> mobile. >> caller: actually, it is mobile. i know you're not from the south. something i've heard recently which is totally stupid was someone made the comment that normally we only work 25 years and then we live only 40 years after that. a. >> stephanie: right. >> caller: which is crazy. if you started at 18, you reach retirement at 43 or even if you start working at 35. >> stephanie: this is something grover norquist said yesterday. i'm like who only works 25 years? math is -- that's what the president said. republicans have to stop using political math to say how much they're willing to raise tax rates on the wealthiest 2% and specify the spending cuts. they're
, not necessarily raising the marginal tax rate on the wealthy, but capping deductions, limiting loopholes, are you with the speaker of the house on that? >> unfortunately, wolf, the policies of president obama have already taken us over the cliff. if you meet with businesses like i do all the time, they've already paired back plans for next year anticipating what's going to happen. we can fix this christmas eve if we want, but we've already hurt the economy and job growth. >> are you with boehner? >> i'm not with boehner. this government doesn't need anymore money. this country needs less government. we're going to have historic levels of revenue to the government this year. >> everyone's taxes are going up at the end of the year if there's no deal. >> we have already offered to extend current tax rates. that's what we should have done six months ago until we could come to some agreement, some compromise on tax reform. >> when you say compromise, where are you ready to compromise as far as taxes are concerned? >> how we go about tax reform, there's a lot of room to work together to lower the rates
romney lost. obama won. the american people are very clear. that at a time when the middle class is disappearing and the people on top are doing phenomenally well and as warren buffett mind us, their effective tax rate is quite low. the wealthy are going to have to start paying their fair share of taxes. and i am happy to report to you what you already know. is that more and more republicans are catching on to that fact. >> but the republicans did maintain a significant majority in the house of representatives and it takes two to tango. >> absolutely. but i think the republicans are also good politicians. they have seen the polls, they have seen the election results and more and more republicans have been saying, you know what, we're going to have to ask our wealthy friends to start paying their fair share of taxes and do what we did in the senate, which is protect the bottom idea. >> but you're not open to any cuts in entitlement spending? >> well, first of all, social security, as most americans know -- >> what about medicare and medicaid? >> what you can do withmedicaid a lot
Search Results 0 to 32 of about 33 (some duplicates have been removed)